League of Legends will put $5 million up for grabs this summer and fall in its second annual world championship series, pitting the winners of six regional championships against one another at the University of Southern California's Galen Center on Oct. 13.

The world champion will take home what Riot Games is billing as "the biggest payday in eSports history," taking a good hunk out of a $5 million prize pool offered across all of Season Two's events. Currently, top League of Legends teams have been participating in a series of Challenger Circuit events to qualify for the regional championships. The first of those will be staged July 26 in Shanghai, China.

Europe's regional championship will be Aug. 16 in Cologne, Germany at Gamescom. North America's is Aug. 31 in Seattle, at PAX Prime. Korea's regional is Sept. 21 at Soeul's OGN eSports Stadium. Taiwan, Hong Kong and Macau follow Sept. 22 at Taipei, Taiwan. A regional will also be held for Southeast Asia at Singapore in September, though no specific date has been set yet.